Originally posted by LondonManc
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FTCs: the future of contracting?
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Originally posted by wattaj View PostGood luck with that.
Large global IT s/w company stopped all UK contracts in Jan (due to IR35) and switch them to same rate but via an agency PAYE arrangement. (some left, some stayed)
So, I'm an employee* of an agency, on a contractor rate**, with a FTC.
*Complete with 1 month notice, 3% pension, holiday etc etc (funded by ** below)
**analogous with an Umbrella model for net, holiday etc
Its not as good as traditional contracting, but its better than perm in the current market! I can see it being a popular choice in the future too.
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Originally posted by elsergiovolador View PostThat's how you can get yourself to Employment Tribunal. FTC has employment rights and someone doing the same job as FTC may raise a complaint about wage discrimination.
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Originally posted by mjcp View PostBut your comparator is another person at the agency, not the end client, so they would be on the same terms or not doing the same job.
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Originally posted by elsergiovolador View Post
there is no penalty for declaring someone inside.
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Originally posted by mjcp View PostExcept that (under the new rules) the company has to take reasonable care... i.e. individual determinations. An agency FTC / Umbrella side steps that risk.
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Originally posted by mjcp View PostExcept that (under the new rules) the company has to take reasonable care... i.e. individual determinations. An agency FTC / Umbrella side steps that risk.
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I know this is an old thread resurrected, but I'd add that I've taken a couple of FTCs in the past; if the pay and benefits are right, good company for the CV and good experience/work then why not? In both cases my pay + benefits pre tax was not far off my ltd contract rates. Both 12 months in length. I enjoyed one more than the other but hey, who enjoys every contract they work on anyway?
Not for everyone, but has worked fine for meI am what I drink, and I'm a bitter manComment
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Originally posted by Whorty View PostI know this is an old thread resurrected, but I'd add that I've taken a couple of FTCs in the past; if the pay and benefits are right, good company for the CV and good experience/work then why not? In both cases my pay + benefits pre tax was not far off my ltd contract rates. Both 12 months in length. I enjoyed one more than the other but hey, who enjoys every contract they work on anyway?
Not for everyone, but has worked fine for meComment
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Originally posted by Whorty View PostI know this is an old thread resurrected, but I'd add that I've taken a couple of FTCs in the past; if the pay and benefits are right, good company for the CV and good experience/work then why not? In both cases my pay + benefits pre tax was not far off my ltd contract rates. Both 12 months in length. I enjoyed one more than the other but hey, who enjoys every contract they work on anyway?
Not for everyone, but has worked fine for me
Problem is when you get to a mid career and higher the FTCs just don't come close anymore but maybe that will change. Maybe we will start seeing six figure FTCs, I just don't think they're very common.Comment
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